Shares sank 9.6% to $27.57 after hours as revenue missed analyst expectations and as the company issued downbeat guidance for 2012.

For the full year, JDA Software sees adjusted earnings of $2.05 to $2.20 a share and revenue of $675 million to $690 million. Analysts polled by Thomson Reuters had recently projected earnings of $2.31 a share and revenue of $712 million.

In April, JDA Software said it would restate results going back to 2008 after an ongoing review of its accounting policies found problems with the way the company recorded some license revenue. The change concerns license revenue tied to some associated services agreements that should have been recognized when the services were agreed upon, not when the license deals were signed, meaning the revenue should be deferred by one quarter.

JDA, whose products help retailers manage their businesses, said Monday it has filed its restated financial data and believes it is in compliance with applicable requirements.

JDA Software reported a profit of $4.7 million, or 11 cents a share, down from $48.1 million, or $1.13 a year earlier. Excluding items such as stock-based compensation and restructuring charges, per-share earnings rose 54 cents from 51 cents a year earlier. Revenue decreased 3.2% to $162.2 million.

Analysts polled by Thomson Reuters most recently projected earnings of 52 cents a share and revenue of $173 million.

(“JDA Software 2Q Profit Down 90%; Issues Downbeat 2012 View,” published at 4:46 p.m. EDT, misstated the quarter for the earnings reported in the headline and first paragraph; the 90% decline in earnings was for the company’s first quarter, not its second quarter. The error also appeared in “U.S. HOT STOCKS: Leap Wireless, JDA Software, Elan Active in Late Trading,” published at 5:59 p.m. EDT.

In addition, the earnings story in the sixth paragraph misstated the quarter for the adjusted earnings given. The adjusted earnings were for the first quarter, not the second quarter. In the seventh paragraph, the story gave an incorrect comparison of estimates to the results; it provided analyst expectations for the second quarter when the results were for the first quarter.

The story also mislabeled the segment in the ninth paragraph whose revenue slipped 29%; software-licenses revenue slipped 29%, not software and subscription revenue. The correct version follows.)

Shares sank 9.6% to $27.57 after hours as revenue missed analyst expectations and as the company issued downbeat guidance for 2012.

For the full year, JDA Software sees adjusted earnings of $2.05 to $2.20 a share and revenue of $675 million to $690 million. Analysts polled by Thomson Reuters had recently projected earnings of $2.31 a share and revenue of $712 million.

In April, JDA Software said it would restate results going back to 2008 after an ongoing review of its accounting policies found problems with the way the company recorded some license revenue. The change concerns license revenue tied to some associated services agreements that should have been recognized when the services were agreed upon, not when the license deals were signed, meaning the revenue should be deferred by one quarter.

JDA, whose products help retailers manage their businesses, said Monday it has filed its restated financial data and believes it is in compliance with applicable requirements.

JDA Software reported a profit of $4.7 million, or 11 cents a share, down from $48.1 million, or $1.13 a year earlier. Excluding stock-based compensation and amortization, earnings fell to 44 cents from 51 cents. Revenue decreased 3.2% to $162.2 million.

Analysts polled by Thomson Reuters most recently projected earnings of 57 cents a share and revenue of $171 million.

The company also reported its first-quarter earnings declined 90% amid higher operating expenses and lower software and subscription sales in the period.

Shares sank 7.5% to $28.20 after hours as revenue for both periods missed analyst expectations and as the company also issued downbeat guidance for 2012.

For the full year, JDA Software sees adjusted earnings of $2.05 to $2.20 a share and revenue of $675 million to $690 million. Analysts polled by Thomson Reuters had recently projected earnings of $2.31 a share and revenue of $712 million.

In April, JDA Software said it would restate results going back to 2008 after an ongoing review of its accounting policies found problems with the way the company recorded some license revenue. The change concerns license revenue tied to some associated services agreements that should have been recognized when the services were agreed upon, not when the license deals were signed, meaning the revenue should be deferred by one quarter.

JDA, whose products help retailers manage their businesses, said Monday it has filed its restated financial data and believes it is in compliance with applicable requirements.

For the second quarter, which ended June 30, JDA Software reported a profit of $10.6 million, or 25 cents a share, down from $12.7 million, or 30 cents a share, a year earlier. Excluding items such as stock-based compensation and restructuring charges, per-share earnings rose 54 cents from 51 cents a year earlier. Revenue increased 2% to $168.8 million. Analysts had projected a per-share profit of 52 cents and $173 million.

For the first quarter, which ended March 31, JDA Software reported a profit of $4.7 million, or 11 cents a share, down from $48.1 million, or $1.13 a year earlier. Excluding stock-based compensation and amortization, earnings fell to 44 cents from 51 cents. Revenue decreased 3.2% to $162.2 million.

Analysts polled by Thomson Reuters most recently projected earnings of 57 cents a share and revenue of $171 million.